37 financial officers representing 27 states wrote to Speaker Mike Johnson demanding the new Congress deal with the debt crisis as it adds undue burdens to their states' solvency.
EXCLUSIVE: More than three dozen state financial officers will send a letter to House Speaker Mike Johnson calling for action to assuage their 'grave concerns' about the national debt. The consortium of treasurers, controllers and auditors will tell Johnson, R-La., they agree with Arizona Republican Andy Biggs’ resolution declaring the national debt a 'threat to national security.' 'We have grave concerns about the national debt.
Control debt to protect the states and American global leadership,' read the subject line, as the state officials went on to call for the passage of a long-term congressional plan to restore U.S. solvency. The national debt – which measures what the U.S. owes its creditors – rose to $35,965,533,024,604.05 as of Nov. 14, according to the Treasury Department. That is up about $15.2 billion from the figure reported the previous day.
Congress should look to Iowa as an example of the benefits of keeping a balanced budget and limiting spending, and should place a strong emphasis on applying these same principles at the federal level,' he said. 'Our hard-won independence depends on it,' added Indiana Comptroller Elise Nieshalla. Arizona State Treasurer Kimberly Yee said her 'don’t spend more than you make' mantra needs to be heeded by Washington.
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